Zimmer Biomet leads hip & knee orthopedic implant market — 5 key points

Spinal Tech

The global hip and knee orthopedic surgical implant market is expected hit $33 billion by 2022, according to MarketResearchReports.biz.

Here are five key points:

 

1. Currently the market is valued at $16.7 billion.

 

2. In 2015, 325,000 people underwent total hip replacement surgery in the United States.

 

3. Computer-assisted total hip replacement surgery is gaining traction in the industry.

 

4. Warsaw, Ind.-based Zimmer Biomet leads the hip and knee orthopedic implant market.

 

5. The following companies also dominate the space:

 

• West Chester, Pa.-based DePuy Synthes
• Kalamazoo, Mich.-based Stryker
• London, United Kingdom-based Smith & Nephew

 

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